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Economy

Transactions Close Flat on NSE Amid Decline in Financial Stocks

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By Dipo Olowookere

Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed flat on Wednesday despite the poor performance of some financial stocks.

At the midweek session, the insurance and banking sectors depreciated by 0.64 per cent and 0.03 per cent respectively. However, the oil/gas index improved by 0.04 per cent, while the consumer goods and industrial goods counters finished flat respectively.

By the time transactions were wrapped up yesterday, the All-Share Index (ASI) finished at 24,173.53 points as against the previous day’s 24,174.45 points, while the market capitalisation remained at N12.610 trillion.

Despite the market closing flat, the trading volume increased by 32.37 per cent to 402.6 million units from N304.2 million.

In the same vein, the trading value rose by 39.34 per cent to N4.6 billion from the previous day’s N3.3 billion, while the number of deals executed by investors depreciated by 7.09 per cent to 3,252 deals from 3,500 deals.

The busiest stock yesterday was UAC Nigeria as investors traded 136.8 million shares of the company valued at N786.7 million.

Nigerian Breweries exchanged 52.6 million stocks worth N1.6 billion, Multiverse Mining and Exploration transacted 50.0 million equities for N10.0 million, Sterling Bank traded 29.2 million shares worth N35.7 million, while FBN Holdings traded 18.4 million equities valued at N91.2 million.

On the price movement chart, GlaxoSmithKline led the losers’ table with a loss of 50 kobo to close at N4.75 per unit.

Africa Prudential lost 17 kobo to quote at N4.01 per share, Caverton went down by 6 kobo to finish at N1.84 per unit, Sterling Bank depreciated by 4 kobo to sell at N1.18 per share, while CHI fell by 4 kobo to sell at 45 kobo per unit.

Conversely, May & Baker finished the session as the highest price gainer, appreciating by 22 kobo to settle at N3 per share.

Eterna grew by 16 kobo to close at N1.96 per unit, Neimeth, Fidson and NPF Microfinance Bank appreciated by 10 kobo each to quote at N1.50 per share, N3 per unit and N1.42 per share respectively.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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By Aduragbemi Omiyale

The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.

Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.

This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.

The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.

In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.

“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.

“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.

“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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By Aduragbemi Omiyale

One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.

The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.

The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.

They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.

Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.

“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.

“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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By Modupe Gbadeyanka

This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.

This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.

This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.

The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.

In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.

It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.

The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.

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